'A serious concern': NatWest accused of weakening restrictions on oil and gas financing

Michael Holder
clock • 4 min read
Credit: iStock
Image:

Credit: iStock

NatWest's new Climate Transition Plan appears to water down several policies governing financing for the oil and gas sector, but bank insists it remains committed to halving the climate impact of its lending by 2030

NatWest has been accused of weakening policies governing its lending to the oil and gas industry in its latest Climate Transition Plan, which today set out how the bank intends to "continue to engage with...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Europe brings global sustainable funds back to inflows but US redemptions continue

Europe brings global sustainable funds back to inflows but US redemptions continue

Jack Roach, Investment Week
clock 22 May 2026 • 2 min read
'Tough but fair': Ofgem outlines rules for next wave of grid investment

'Tough but fair': Ofgem outlines rules for next wave of grid investment

Distribution network operators to face strengthened cost controls and financial penalties if they fail to meet expectations, as delivery of new projects accelerates

clock 22 May 2026 • 2 min read
Study: Equity funding for UK smart grid rose to $276m in 2025

Study: Equity funding for UK smart grid rose to $276m in 2025

Investors who pulled back from smart grid sector in 2024 returned with new conviction last year, report claims

Stuart Stone
clock 20 May 2026 • 3 min read